A crypto trader earned $1.25 million in just 8 minutes by quickly buying and selling the BUZZ token (Hive AI), according to analytics platform Lookonchain.
How the Trade Unfolded
Analysts report that the trader spent 82 SOL (around $17,000) to purchase 268.12 million BUZZ tokens, accounting for 26.8% of the total supply. To outpace other buyers, the trader paid a 49 SOL transaction fee, ensuring his order would be processed first.
Such operations, known as “sniping,” involve swiftly acquiring new tokens with the aim of selling them later at a higher price. This strategy can be extremely profitable but requires advanced skills, precise execution, and deep market insight.
After acquiring the tokens, the trader quickly sold them for 6,090 SOL (around $1.26 million). Deducting initial costs and fees, his net profit reached $1.25 million.
BUZZ in the Spotlight
Buzz is an AI assistant available 24/7, capable of learning based on assigned tasks. Since the BUZZ token launch, interest has soared. Within one minute of launching, Smart Money investors began snapping up the token. Thirteen minutes later, BUZZ topped the list for purchase volume among Solana’s experienced traders. Within about an hour, it became one of the most popular new tokens for that investor group.
As of this writing, BUZZ is trading at $0.037207, up 374% in the past 24 hours. Since the first announcements about BUZZ, its price has increased by approximately 1600% and continues to climb.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.
